Market Overview
Home Prices in Gay, GA
The median home value in Gay, GA is $277,838 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.4% compared to a year ago and up 1.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gay are priced32% below average. Gay is part of the Atlanta-Sandy Springs-Alpharetta, GA metro area.
Over the past five years, Gay home values have risen by approximately38.0%, reflecting strong long-term appreciation in this market.
Price History
Gay Home Price Trend
City Comparison
Gay vs. National Median
At $277,838, homes in Gay cost 32% below the national median of $410,000. This makes Gay a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gay?
20% Down Payment
$55,568
on $277,838
Monthly P&I
$1,449/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,840/mo
incl. taxes & insurance
Income Needed
$73,600
gross annual (30% rule)
10% Down Option
$27,784
+ PMI applies
Loan Amount (20% dn)
$222,270
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Gay, GA?
The median home value in Gay is $277,838 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.4% year-over-year.
How much have home prices changed in Gay?
Over the past year, home values in Gay have increased by 1.4%. Over five years, prices have risen approximately 38.0%.
How much do I need to earn to buy a home in Gay?
To comfortably afford the median home price of $277,838 with a 20% down payment ($55,568) at today's rates (6.8%), you'd need a gross annual income of approximately $73,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Gay compare to the national average home price?
The national median home value is approximately $410,000. At $277,838, homes in Gay are 32% below the national average.
What metro area is Gay part of?
Gay is part of the Atlanta-Sandy Springs-Alpharetta, GA metropolitan area. Home prices and market conditions can vary across the broader metro region.